More Questions on Indian Economy
- Q. Fiscal deficit in the Union Budget means
A)net increase in Union Governments borrowings from the Reserve Bank of India
B)the difference between current expenditure and current revenue
C)the sum of budgetary deficit and net increase in internal and external borrowings
D)the sum of monetized deficit and budgetary deficit
Answer: the sum of budgetary deficit and net increase in internal and external borrowings
- Q. Income tax in India was introduced by:
A)James Wilson
B)William Jones
C)Nicholas Kaldor
D)Mahavir Tyagi
Answer: James Wilson
- Q. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
A)Kharif crop
B)Rabi crop
C)Both A and B
D)None of the above
Answer: Kharif crop
- Q. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
A)Rs. 25,000 crores
B)Rs. 50,000 crores
C)Rs. 1,00,000 crores
D)Rs. 1,25,000 crores
Answer: Rs. 50,000 crores
- Q. The condition of indirect taxes in the country’s revenue is approximately
A)75 percent
B)70 percent
C)80 percent
D)86 percent
Answer: 86 percent
- Q. Inflation is measured in India on the basis of which ‘Index’?
A)Consumer Price Index for urban workers
B)Wholesale Price Index
C)Consumer Price Index for agricultural workers
D)National income deflation
Answer: Wholesale Price Index
- Q. In India, the second largest provider of employment after agriculture is:
A)Chemical Sector
B)Textile Sector
C)Iron and Steel Sector
D)Telecommunication sector
Answer: Textile Sector
- Q. What is the objective of ‘Sangam Yojna 1996’?
A)To make Ganga water pollution free
B)To make Sangam region of Allahabad more attractive for tourists
C)To increase the welfare of the disabled
D)To unite, various groups of Hindus
Answer: To increase the welfare of the disabled
- Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
A)the year 1999
B)the year 1998
C)the year 2005
D)the year 1990
Answer: the year 1999
- Q. The total number of national highways in the country is:
A)528
B)328
C)228
D)499
Answer: E
- Q. Resurgent India bonds were issued in US dollar, Pound Sterling and
A)Deutsche Mark
B)Japanese Yen
C)Euro
D)French Franc
Answer: Deutsche Mark
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)RBI
C)big businessmen
D)IMF
Answer: RBI
- Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
A)1986
B)1984
C)1987
D)1989
Answer: 1987
- Q. The first wholly Indian Bank was set up in
A)1894
B)1896
C)1794
D)1902
Answer: 1894
- Q. Which company has started a rural marketing network called e-Chaupals?
A)Dabur
B)ITC
C)Procor and Gamble
D)Hindustan liver
Answer: ITC
- Q. In the second nationalization of commercial banks, ___ banks were nationalized.
A)5
B)4
C)6
D)8
Answer: 6
- Q. Gilt-edged market means
A)market of government securities
B)bullion market
C)market of guns
D)market of pure metals
Answer: market of government securities
- Q. In the World, in the production of cotton, India ranks:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. In coal production, India ranks in the world:
A)First
B)Second
C)Third
D)Fourth
Answer: Second
- Q. Unit Trust of India (UTI) was established in:
A)1904
B)1964
C)1968
D)1970
Answer: 1964
- Geography
- History
- Indian Culture
- Indian Economy
- Indian Politics
- Indian Railway
- Sports
- State